Vance Bars Suspects Connected to $39B in Fraud
The agency also referred $22 billion in suspected fraudulent pandemic-era loans to the Treasury Department and launched new recovery efforts in Missouri and Kansas.
- On Monday, Vice President JD Vance announced the Small Business Administration suspended nearly 870,000 borrowers connected to an estimated $39 billion in suspected fraudulent activity from the Paycheck Protection Program and Economic Injury Disaster Loan.
- Officials claim fraud cases grew exponentially while the Biden administration ignored them, prompting the Trump administration to crack down on Paycheck Protection Program abuse during the COVID-19 pandemic.
- The Justice Department announced 'Operation Heartland Surge,' a nationwide enforcement effort running June 12 through Sept. 1, involving 44 U.S. attorneys' offices and resulting in actions against more than 160 defendants involving approximately $245 million in intended losses.
- SBA Administrator Kelly Loeffler is launching 'Operation No Doze' in Missouri and Kansas, sending demand letters to suspected borrowers and referring cases for criminal prosecution where warranted.
- FBI Director Kash Patel pointed to the bureau's 'Most Wanted Fraudsters' list to track suspects, while Vance traveled to Olathe, Kansas, to support Republican Sen. Roger Marshall's reelection campaign.
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Vance Announces 870,000 SBA Suspensions as DOJ Targets $245 Million in COVID Loan Fraud
The Trump administration is suspending roughly 870,000 borrowers suspected of pandemic-era fraud from future federal small-business programs as the Justice Department announced enforcement actions involving ... The post WATCH: Vance Announces 870,000 SBA Suspensions as DOJ Targets $245 Million in COVID Loan Fraud first appeared on [your]NEWS.
Watauga Democrat
Vance bars suspects connected to $39B in fraud
(The Center Square) — The Trump administration suspended around 870,000 people who are tied to nearly $39 billion in government loan fraud, officials announced on Monday.
$39B Fraud Crackdown Announced in Missouri
KANSAS CITY, MO – September 14, 2026 (STL.News) Vice President JD Vance announced a sweeping federal crackdown on pandemic-era fraud Monday in Kansas City, Missouri, including the permanent suspension of nearly 870,000 borrowers from future Small Business Administration loans and programs over an estimated $39 billion in suspected fraud. Vance made the announcement at the […] This News $39B Fraud Crackdown Announced in Missouri appeared first on…
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